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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532134 | NSE: BANKBARODA

Fundamental Analysis of Bank of Baroda

About the Company - Bank of Baroda

Bank of Baroda is a Public Limited Listed company incorporated on 02/03/1911 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1911PLC007676 and registration number is 007676. Currently company belongs to the Industry of Finance - Banks - Public Sector. Company’s Total Operating Revenue is Rs. 75983.66 Cr. and Equity Capital is Rs. 925.37 Cr. for the Year ended 31/03/2020.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorBaroda House, Vadodra Gujarat 390001investorservices@bankofbaroda.com
http://www.bankofbaroda.in
Management
NamePosition Held
Mr. Debadatta ChandManaging Director & CEO
Mr. Ajay K KhuranaExecutive Director
Mr. Sanjay Vinayak MudaliarExecutive Director
Mr. Lal SinghExecutive Director
Mr. Lalit TyagiExecutive Director
Mr. Alok VajpeyiShareholder Director
Mrs. Nina NagpalShareholder Director
Mr. Ajay SinghalNon Executive Director
Mrs. Parvathy V SundaramNominee Director
Mr. Mukesh Kumar BansalGovernment Nominee Director

Basic Stock Data of Bank of Baroda

Last Updated: July 20, 2024, 11:20 pm

Market Cap 1,29,594 Cr.
Current Price 251
High / Low300/186
Stock P/E6.91
Book Value 231
Dividend Yield3.03 %
ROCE6.33 %
ROE16.7 %
Face Value 2.00
PEG Ratio0.09

Data Source: screener.in

Competitors of Bank of Baroda

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
UCO Bank 65,830 Cr. 55.170.7/27.039.8 22.90.51 %5.34 %6.22 % 10.0
Punjab & Sind Bank 42,958 Cr. 63.477.5/30.672.2 22.90.32 %5.59 %3.88 % 10.0
Union Bank of India 1,03,550 Cr. 136172/84.87.31 1282.65 %6.55 %15.6 % 10.0
State Bank of India (SBI) 7,93,710 Cr. 889912/54311.8 4651.54 %6.16 %17.3 % 1.00
IDBI Bank Ltd 95,546 Cr. 88.998.7/56.616.7 47.51.69 %6.23 %11.8 % 10.0
Industry Average186,495.43 Cr272.9124.41176.191.45%5.89%11.25%7.57

Bank of Baroda Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue18,64317,40818,02617,54118,72219,09720,04822,42424,83427,19628,00329,26330,042
Interest10,4079,9429,5549,5059,8009,95610,49611,49513,16114,79016,06017,52818,002
Expenses9,61810,89310,0849,3988,98110,5058,21010,40811,01210,64211,04012,21610,556
Financing Profit-1,382-3,427-1,613-1,363-59-1,3631,3435226601,764902-4801,484
Financing Margin %-7%-20%-9%-8%-0%-7%7%2%3%6%3%-2%5%
Other Income3,1736,3203,2234,4583,3513,3731,5283,8965,5195,3325,3166,5035,042
Depreciation0000000000000
Profit before tax1,7912,8931,6113,0953,2922,0102,8714,4186,1797,0966,2176,0236,526
Tax %35%129%27%29%26%6%26%26%33%28%31%28%27%
Net Profit1,215-7201,2072,1852,4882,0531,9423,3924,3565,3154,4684,4264,815
EPS in Rs2.59-1.432.294.194.763.933.766.588.3310.168.618.509.26
Gross NPA %
Net NPA %

Last Updated: July 11, 2024, 8:44 am

Bank of Baroda Quarterly Chart

Bank of Baroda Profit & Loss

Last Updated: July 10, 2024, 3:29 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue30,48836,44240,46344,91545,79944,47346,05652,90678,89574,31473,38594,139114,503
Interest19,72424,48627,60430,54732,10729,59629,16032,50650,04043,20138,81549,94266,381
Expenses8,21510,95012,04913,46625,39119,25026,09325,81540,58338,63637,51838,23944,453
Financing Profit2,5491,006809902-11,700-4,372-9,197-5,414-11,728-7,523-2,9485,9573,670
Financing Margin %8%3%2%2%-26%-10%-20%-10%-15%-10%-4%6%3%
Other Income4,0514,5115,5555,4495,9927,9377,9927,88712,19115,25414,39516,63922,193
Depreciation2953223683685255409019481,6971,3571,4382,0320
Profit before tax6,3045,1955,9965,983-6,2333,024-2,1061,525-1,2346,37310,00820,56525,862
Tax %17%9%18%36%19%41%9%29%176%77%23%29%
Net Profit5,2694,8295,0363,950-5,0331,855-1,8361,1669811,6207,93315,00519,024
EPS in Rs25.5322.8123.2917.69-21.997.88-7.134.162.012.9915.1828.8236.53
Dividend Payout %13%19%19%18%0%15%0%0%0%0%19%19%

Bank of Baroda Profit & Loss Yearly Chart

Bank of Baroda Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:17%
TTM:25%
Compounded Profit Growth
10 Years:14%
5 Years:77%
3 Years:144%
TTM:26%
Stock Price CAGR
10 Years:4%
5 Years:17%
3 Years:47%
1 Year:28%
Return on Equity
10 Years:7%
5 Years:10%
3 Years:14%
Last Year:17%

Last Updated: July 17, 2024, 5:55 pm

Bank of Baroda Balance Sheet

Last Updated: July 10, 2024, 3:29 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital4124234314444624625305309251,0361,0361,036
Reserves28,10432,85937,41641,57442,04142,60546,03654,46675,17981,35490,833104,019
Borrowings416,214509,192616,973665,483620,536648,499672,311734,4561,068,9811,067,1731,185,3311,342,592
Other Liabilities12,67016,91421,28426,46528,13427,64928,91930,21754,85053,10462,92278,224
Total Liabilities457,400559,387676,104733,966691,173719,216747,796819,6701,199,9351,202,6671,340,1211,525,871
Fixed Assets2,4282,5502,8492,9786,3595,9305,5327,3689,2688,43811,0989,865
CWIP000000000213
Investments86,697125,617122,113124,739128,894140,716175,137195,716289,727281,859347,587397,487
Other Assets368,275431,220551,142606,248555,920572,570567,126616,586900,941912,367981,4351,118,516
Total Assets457,400559,387676,104733,966691,173719,216747,796819,6701,199,9351,202,6671,340,1211,525,871

Bank of Baroda Reserves and Borrowings Chart

Bank of Baroda Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 23,19642,23317,838-10,01117,865-59,692-1,44918,531-8876,210-21,354-6,274
Cash from Investing Activity -514-730-556-4,005-551-414-2,537-139-471-3,645-1,096-1,285
Cash from Financing Activity -7905,151-6-616-1983,4134,44914,729-986-998-5,4055,476
Net Cash Flow21,89246,65417,276-14,63217,116-56,69246233,120-2,3441,567-27,855-2,084

Bank of Baroda Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %21%16%14%10%-12%4%-4%2%1%2%9%15%

Bank of Baroda Financial Efficiency Indicators Chart

Bank of Baroda Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%
FIIs7.87%7.82%7.37%9.14%8.23%8.93%9.97%10.93%12.29%12.39%12.27%12.40%
DIIs14.46%14.70%14.65%15.08%16.85%18.64%17.69%16.74%15.77%15.74%15.75%16.04%
Government0.00%0.00%0.00%0.00%0.00%0.26%0.26%0.26%0.26%0.26%0.26%0.26%
Public13.70%13.50%14.00%11.81%10.95%8.21%8.12%8.10%7.70%7.64%7.76%7.32%
No. of Shareholders11,95,48912,41,14413,63,55912,64,07912,81,41512,19,43512,37,07912,78,02012,39,95812,70,48012,89,44313,29,618

Bank of Baroda Shareholding Pattern Chart

No. of Bank of Baroda Shareholders

Bank of Baroda Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan42,828,7924.11130.8938,177,1552024-07-2012.18%
HDFC Balanced Advantage Fund - Regular Plan38,177,1551.261008.0738,177,1552024-07-200%
HDFC Flexi Cap Fund - Regular Plan22,000,0001.14580.9138,177,1552024-07-20-42.37%
Nippon India ETF Nifty PSU Bank BeES15,993,92815.91422.3238,177,1552024-07-20-58.11%
Nippon India Small Cap Fund13,000,0000.75343.2738,177,1552024-07-20-65.95%
Nippon India Arbitrage Fund11,071,1252.1292.3338,177,1552024-07-20-71%
HDFC Hybrid Equity Fund - Regular Plan9,690,0001.13255.8638,177,1552024-07-20-74.62%
Invesco India Arbitrage Fund8,260,2001.49218.1138,177,1552024-07-20-78.36%
Invesco India Contra Fund8,236,9181.56217.538,177,1552024-07-20-78.42%
Nippon India ETF Nifty Bank BeES7,765,1493.31205.0438,177,1552024-07-20-79.66%

Bank of Baroda ROCE Trend

Bank of Baroda EPS Trend

Bank of Baroda Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value2.002.002.002.002.00
Basic EPS (Rs.)36.2928.8215.183.322.32
Diluted EPS (Rs.)36.2928.8215.183.322.32
Cash EPS (Rs.)38.8332.2917.655.435.70
Book Value[Excl.RevalReserv]/Share (Rs.)231.21202.90177.43159.12164.48
Book Value[Incl.RevalReserv]/Share (Rs.)231.21202.90177.43159.12164.48
Operating Revenue / Share (Rs.)228.63181.82141.73143.53170.51
Net Profit / Share (Rs.)35.5628.3714.872.812.04
Net Profit After MI / Share (Rs.)36.2528.7915.162.992.00
Net Profit Margin (%)15.5515.6010.491.951.19
Net Profit After MI And SOA Nargin (%)15.8515.8310.692.081.17
Operating Profit Margin (%)-4.21-2.07-9.12-17.80-14.25
Return On Assets (%)1.130.970.580.120.07
Return On Equity / Networth (%)15.6714.188.541.871.21
Net Interest Margin (X)2.922.892.572.582.40
Cost To Income (%)47.7650.3747.0049.8244.02
Interest Income / Total Assets (%)7.156.165.476.176.57
Non-Interest Income / Total Assets (%)1.411.091.071.221.01
Operating Profit / Total Assets (%)-0.30-0.12-0.49-1.10-0.93
Operating Expenses / Total Assets (%)2.072.001.851.921.71
Interest Expenses / Total Assets (%)4.223.272.893.594.17
Enterprise Value (Rs.Cr.)1533834.621373294.981186338.381065411.841059512.97
EV Per Net Sales (X)12.9614.5916.1714.3413.43
Price To Book Value (X)1.140.830.620.460.32
Price To Sales (X)1.160.920.780.510.31
Retention Ratios (%)79.0580.9181.22100.00100.00
Earnings Yield (X)0.130.170.130.040.03

Bank of Baroda Profitability Ratios (%)

Bank of Baroda Liquidity Ratios

Bank of Baroda Liquidity Ratios (%)

Bank of Baroda Interest Coverage Ratios (%)

Bank of Baroda Valuation Ratios

Fair Value

Fair Value: 274.64

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.42% compared to the current price 251

Intrinsic Value: 490.52

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 95.43% compared to the current price 251

Last 5 Year EPS CAGR: 78.60%

*Investments are subject to market risks

Strength and Weakness of Bank of Baroda Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Bank of Baroda?

The latest fair value of Bank of Baroda is ₹274.64.

What is the Market Cap of Bank of Baroda?

The Market Cap of Bank of Baroda is 1,29,594 Cr..

What is the current Stock Price of Bank of Baroda as on 21 July 2024?

The current stock price of Bank of Baroda as on 21 July 2024 is 251.

What is the High / Low of Bank of Baroda stocks in FY 2024?

In FY 2024, the High / Low of Bank of Baroda stocks is 300/186.

What is the Stock P/E of Bank of Baroda?

The Stock P/E of Bank of Baroda is 6.91.

What is the Book Value of Bank of Baroda?

The Book Value of Bank of Baroda is 231.

What is the Dividend Yield of Bank of Baroda?

The Dividend Yield of Bank of Baroda is 3.03 %.

What is the ROCE of Bank of Baroda?

The ROCE of Bank of Baroda is 6.33 %.

What is the ROE of Bank of Baroda?

The ROE of Bank of Baroda is 16.7 %.

What is the Face Value of Bank of Baroda?

The Face Value of Bank of Baroda is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bank of Baroda. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE